Gm friends! It appears we have re-entered bull market mode :)
Let’s dive in!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles24):
Gold: $2232.80
Oil (WTI): $81.01
US 10Y Treasury: 4.235%
Stocks ($SPY as proxy): +0.92%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Here's an update on some of the tokenless projects with potential airdrops we've been trying out along with referral links when applicable if you'd like to support our work! (note: as always please DYOR though!)
@Scroll_ZKP - ETH L2 presumed airdrop
@LineaBuild - ETH L2 presumed airdrop
@zksync - ETH L2 presumed airdrop
@base - Coinbase’s ETH L2 increasingly rumored to be doing airdrop eventually
@syncswap - AMM on zkSync, Linea, and Scroll without a token
@modenetwork - new ETH L2 with presumed airdrop - https://ref.mode.network/Fx6b7N
@Parcl - a Solana RWA project where you can long/short various real estate markets or provide liquidity - earn boosted points with our code: thedailydegen
@Rabby_io wallet - earn points for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature, etc. Click ‘Rabby Points’ to get started, our ref code: THEDAILYDEGEN
@phantom wallet - rumored airdrop
@rainbowdotme wallet - earn 'points' for presumed airdrop, start new wallet or migrate old MM wallets over to it, utilize their internal swap feature - our reflink: https://rainbow.me/points?ref=SZUR3U
@MetaMask - long rumored to be doing an airdrop - do swaps and bridging using the in-app options in case they use that as main criteria for potential airdrop
@Eigenpiexyz_io - Eigenlayer restaking protocol with its own presumed airdrop as well - https://www.eigenlayer.magpiexyz.io/?ref=0xf2355BE0e5a2d1C88584286d41A82FA71aDd0c0C
@KelpDAO - EigenLayer restaking protocol - lets you earn towards presumed EigenLayer airdrop and also earns you 'Kelp Points'
@RenzoProtocol - another EigenLayer restaking protocol with its own presumed airdrop - reflink: https://app.renzoprotocol.com/?ref=0x39058c94a6c6504917dd8baddbbda27c8d6a5794
@DeBankDeFi and the DeBank L2 - rumors of possible airdrop, also same folks behind @Rabby_io wallet, create profile, deposit onto their L2
@MeteoraAG - liquidity/yield protocol on Solana
@DriftProtocol - perps dex on Solana
@PikeFinance - use to qualify for (presumed) airdrop and several other possible airdrops
@BungeeExchange - bridge/infra
@JumperExchange - bridge/infra
@deBridgeFinance - bridge/infra
@Owlto_Finance - bridge/infra
@merkly_com - bridge/infra
@ElDoradoMRKT - cross-chain dex built on Maya Protocol ($CACAO)
@azuroprotocol - GambleFi project with (presumed) airdrop, deposit TVL such as USDT via Polygon
@ClipFinance - yield protocol on Linea
@StructFinance - Avalanche-based structured yields protocol
@ryskfinance - ETH L2 options project with presumed airdrop
@LogX_trade - perps dex on variety of ETH L2’s with upcoming airdrop
@Hyperliquidx - perps dex with (presumed) airdrop... https://app.hyperliquid.xyz/join/REKTDIOMEDES
Biggest TVL Movers + Else
Chains are extremely green today. Top 25 chains green on all three timelines (daily, weekly, monthly) include Solana (#4), Base (#11), Sui (#12), Cronos (#15), Aptos (#17), and Starknet (#18).
Protocols are extremely green today as well. Protocols with at least $10M TVL up at least 200% on the weekly include Blast yield protocol Hyperlock Finance, Mantle lending protocol MethLab, ETH Mainnet derivatives protocol Keep3r Network, and Cronos CDP protocol Orby Network.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Fee Generation (from @DefiLlama):
Top Trending Tokens (24 hour timeframe - from @dexscreener):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include every (newly launched) protocol added by @DefiLlama - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-New project called @ScaliaInfra. Twitter bio states “Scalia offers advanced scaling strategies and a seamless user experience unlocking DePIN for everyone, everywhere.” Followed by 21 of our mutuals. h/t @thealphadigest:
-Something new called @nirmaanai. Twitter bio states “Gateway to decentralizing AI compute & models.” Followed by 12 of our mutuals. h/t @thealphadigest:
-New wallet called @zionwallet. Twitter bio states “Zion - where security meets simplicity, void of seeds, worries, and fees.” Followed by 6 of our mutuals. h/t @thealphadigest:
-Something new called @CrushProtocol. Twitter bio states “Crush protocol is a Generative AI gaming protocol for intelligent AI Agents, powered by a decentralised GPU infrastructure network”. Followed by 6 of our mutuals. h/t @thealphadigest:
-New project called @NFTfiFoundation. Twitter bio states “Advancing NFT finance, together.” Followed by 2 of our mutuals. h/t @AresLabs_xyz:
-New project called @PalladiumLabs. Twitter bio states “The unstoppable bitcoin-native stablecoin built on @BotanixLabs 🪙 $PUSD”. Followed by 3 of our mutuals. h/t @AresLabs_xyz:
Security Alerts
-Daily Reminder: Twitter (and other social media) is being absolutely inundated with scams and links to fake versions of popular defi protocols - please make sure to be EXTREMELY hyper-vigilant and triple-check before interacting with anything!
-Security alert from @PeckShieldAlert re: Dolomite exploit:
-Security alert from @PeckShieldAlert re: @airdao_io:
-Security reminder from @0xngmi re: Paraswap stuff from yesterday:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama ($1M+ TVL, single-exposure, and no-IL only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-FOMC was widely regarded as dovish and rates were left unchanged, h/t @WuBlockchain:
-One of the more interesting aspects of the above, h/t @jameslavish:
-Thoughts on Fed/markets/etc from @fejau_inc:
-Thoughts on Fed/markets/etc from @FedGuy12:
-Stonks keep breaking all-time high’s:
-Bullish sentiments c/o @TheFlowHorse:
-New Blast defi/GameFi project @CryptoValleys is generating lots of attention on the TL, h/t @TaikiMaeda2:
-Following story re: the SEC and the Ethereum Foundation generating lots of discussion:
-Interesting catch from @crypto_condom:
-Interesting stat on 20 most popular ecosystems from @coingecko:
-Interesting catch from @Route2Fi re: @CurveFinance x @ethena_labs:
-Jerome Powell Press Conference from yesterday:
-FOMC debrief from Joseph Wang @FedGuy12:
-New video on top crypto narratives of 2024 c/o @BanklessHQ:
-New roundtable discussion on meme coins and a bunch of defi stories/news items/etc c/o @0xResearch:
-New interview with macro gigabrain @LukeGromen from @NatBrunell:
-Parting wisdom c/o @phtevenstrong c/o @QuotableCrypto:
Conclusion
Happy Thursday good frogs! Stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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***Note On Material: The ‘Spotlight’ section (and ‘Note’ sections and info on our Official Monthly Sponsor if applicable) are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.